Afternoon Note
The Fear Gauge (VIX) is in freefall today after surging 50% last week, as suddenly everything is copasetic. Nothing has changed, but sanity has resurfaced. There is no doubt some folks simply believe it’s time for the rally to come to a screeching halt. But, last week was more about a mad man in North Korea rather than a rally gone mad. The weekend served to remind folks this isn’t the first time North Korea has attempted to shake down the rest of the world.
Then, there’s lingering sadness over Charlottesville and subsequent finger pointing. Moments ago, President Trump spoke about the incident and his administration’s resolve to bring justice. Moreover, President Trump singled out “racist violence” and specifically named white supremacy groups and the KKK. America needs more healing as our divide is more dangerous than anything Kim Jong Un could ever do to this nation.
VIX
Speaking of Main Street, we are getting earnings results from some of the biggest and most successful names in brick and mortar this week. I think Home Depot and TJ Max are oversold, and Coach probably outperforms.
Not adding a new position here, but we are still betting on America and Great American Companies (and occasionally, foreign companies, too).
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3/28/2024 9:50 AM | LISTEN TO THE MARKET |
3/27/2024 1:40 PM | Mostly Higher |
3/27/2024 9:32 AM | U-TURN? |
3/26/2024 1:08 PM | Everything Is Up |
3/26/2024 9:42 AM | TAPPED OUT (I HOPE YOU AT LEAST GOT A T-SHIRT) |
3/25/2024 1:33 PM | Not A Mutiny |
3/25/2024 9:35 AM | STAYING THE COURSE…BEYOND TECH |
3/22/2024 12:56 PM | Toll on Americans |
3/22/2024 9:38 AM | A TAD TIRED |
3/21/2024 1:55 PM | Building on Gains |
3/21/2024 9:30 AM | A COMFORTING FED |
3/20/2024 1:33 PM | Pivotal Moment |
3/20/2024 10:00 AM | HERE COMES THE FED |
3/19/2024 1:33 PM | Picking Up Steam |
3/19/2024 9:35 AM | RUMBLINGS IN THE BOND MARKET |
3/18/2024 1:48 PM | Mag 7 is Back |
3/18/2024 9:39 AM | THE PARTY IN SAN JOSE WILL BE LIT |
3/15/2024 1:38 PM | Realtors Settle |
3/15/2024 9:33 AM | AN UNEASY PAUSE |
3/14/2024 1:43 PM | Sticky Inflation |
3/14/2024 9:48 AM | GOING TO A GO-GO |
3/13/2024 2:16 PM | Taking a Breather |
3/13/2024 9:51 AM | ALL SO EPIC |
3/12/2024 1:42 PM | Marching Higher |
3/12/2024 9:25 AM | ROTATION IN FULL SWING |
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